DuPont de Nemours (NYSE:DD) Stock: Insider Lori Koch Sells 2,311 Shares

DuPont de Nemours, Inc. (NYSE:DD) CEO Lori Koch sold 2,311 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $151.15, for a total value of $349,307.65. Following the completion of the transaction, the chief executive officer directly owned 115,715 shares in the company, valued at $17,490,322.25. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

DuPont de Nemours Stock Up 5.7%

Shares of DuPont de Nemours stock traded up $8.41 on Monday, reaching $154.93. The company’s stock had a trading volume of 1,101,344 shares, compared to its average volume of 1,350,165. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 69.47, a P/E/G ratio of 1.27 and a beta of 1.06. The firm’s fifty day simple moving average is $133.21 and its two-hundred day simple moving average is $138.80. DuPont de Nemours, Inc. has a 52 week low of $111.15 and a 52 week high of $157.98. The company has a quick ratio of 1.74, a current ratio of 2.36 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.22. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, November 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 107.62%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $172.00 to $145.00 in a report on Friday, October 9th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Friday, October 30th. Royal Bank Of Canada raised their target price on shares of DuPont de Nemours from $160.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.88.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors have recently made changes to their positions in DD. Physician Wealth Advisors Inc. grew its position in DuPont de Nemours by 223.1% during the third quarter. Physician Wealth Advisors Inc. now owns 210 shares of the basic materials company’s stock valued at $27,000 after buying an additional 145 shares during the period. Elevation Wealth Partners LLC raised its position in DuPont de Nemours by 168.5% in the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 150 shares during the period. DHJJ Financial Advisors Ltd. raised its position in DuPont de Nemours by 150.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 250 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 150 shares during the period. Bangor Savings Bank bought a new position in DuPont de Nemours in the third quarter worth approximately $36,000. Finally, Compass Wealth Management LLC purchased a new position in shares of DuPont de Nemours during the 3rd quarter worth $39,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Company Profile

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation.

The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.